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Monday November 9th, 2026
Construction and Real Estate

Sri Lanka developers halt new condos after currency collapse, costs skyrocket

Steel prices up 350-pct, tiles up 300-pct and some fittings up 500-pct

August 25, 2022 4 min read

Sri Lanka property developers allowed to import tiles

Approved condominiums, mixed development projects, approved hotels and government projects

August 25, 2022 1 min read

Sri Lanka renewable firms, engineering firms promoted in Mozambique

Over 29 local companies had participated in the virtual meeting

May 20, 2022 1 min read

Sri Lanka to give resident visas for apartment buyers, dollar depositors

A lot of apartments are coming up and if there are no buyers there can be a crisis

April 26, 2022 2 min read
City of Dreams casino and luxury hotels aim to up Sri Lanka's tourism game

The resort has a Cinnamon and Nuwa hotel, Melco casino, apartments, mall, conference, banqueting space and restaurants

Sri Lanka Port City ICC unit gets 25-year tax holiday for Rs13.8bn residential towers

To built two high end residential towers and luxury villas

Si Lanka's Sanken to start building 500-apartment twin tower

Capitol Development Limited, a unit of Sri Lanka's Sanken construction group, said it had completed the purchase of land...

October 6, 2016 1 min read

Dredger arrives in Sri Lanka to start port city reclamation

A dredger has arrived in Sri Lanka to start reclaiming 269 hectares of sea off the capital Colombo.

September 30, 2016 1 min read

Sri Lanka construction sector boom seen reviving

ECONOMYNEXT – Sri Lanka’s construction industry is expected to do well in the next few years given increas...

September 29, 2016 2 min read

Sri Lanka’s JKH launches 2nd luxury apartment block

ECONOMYNEXT – Sri Lanka’s John Keells Holdings group said it plans to build a second high-rise luxury apar...

September 27, 2016 2 min read

Sea piling starts on ship lift repair facility at Sri Lanka harbor

ECONOMYNEXT – Walkers Piling (Pvt) Ltd. said it has commenced work on Sri Lanka’s first sea piling project...

September 8, 2016 1 min read

Lee Hedges in Rs2.8bn Sri Lanka serviced apartment project

Lee Hedges Plc, a publicly traded company in Sri Lanka, said it will build a Rs2.8 billion multi-storied serviced apartm...

September 5, 2016 1 min read

Sri Lanka call bids from Japanese firms to build Kandy expressway segment

Sri Lanka will call bids from Japanese firms for a 32 kilometre stretch of an expressway that will run from Colombo to t...

August 24, 2016 1 min read

Broken canal pump revealed in Sri Lanka’s Industrial Asphalts flooding

ECONOMYNEXT – Industrial Asphalts (Ceylon) said its premises near the Sri Lankan capital Colombo was submerged as...

August 19, 2016 2 min read

Sri Lanka inks new deal to formalize US$13bn China sea reclamation

Sri Lanka and a Chinese company that is reclaiming sea near the main in the capital has inked a new agreement several mo...

August 12, 2016 1 min read

Sri Lanka Tokyo Cement in deal with Japan’s Ube Industries

ECONOMYNEXT – Sri Lankan cement manufacturer Tokyo Cement Group said it has struck a deal with Japan’s Ube...

August 8, 2016 1 min read
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Three-wheeler, Maruti offers fail to lure workers to Sri Lanka's construction industry

Offers of three-wheelers and Maruti cars for long service failed to draw workers to Sri Lanka's construction industry, w...

August 5, 2016 2 min read

Siam City Cement buys Sri Lanka's LafargeHolcim unit

Thailand's Siam City Cement Public Company Ltd has bought Holcim Lanka, Sri Lanka's sole integrated cement manufacturer ...

July 25, 2016 1 min read

Sri Lanka’s Tokyo Cement woos global investors in US

ECONOMYNEXT - A team of senior executives from Sri Lanka’s Tokyo Cement group are in the US this week meeting wi...

July 20, 2016 2 min read

Ailing JEDB seeks better price for contested prime land in Sri Lanka's capital

ECONOMYNEXT - Sri Lanka's Janatha Estate Development Board (JEDB), an ailing state farming company, is trying to sell a ...

July 16, 2016 2 min read

Sri Lanka's Kandy get Rs3.0bn Heritage Valley housing development

Walkers CML Properties (Private) Ltd, a unit MTD Walkers Plc group has launched a 3.0 billion rupee housing project in S...

July 14, 2016 1 min read

Cement demand in Sri Lanka up with household sector: manufacturer

Cement sales went up in 2015 with strong demand from Sri Lanka's private and household sector with state projects slacke...

July 14, 2016 2 min read

US$259mn apartment investments in Sri Lanka in June

ECONOMYNEXT – Sri Lanka’s Board of Investment has signed 11 agreements to set up new apartment complexes w...

July 11, 2016 5 min read

Sri Lanka to cancel architects’ consultancy in defence HQ deal

ECONOMYNEXT – Sri Lanka’s government has decided to cancel a consultancy given to an architects’ fi...

June 22, 2016 2 min read

Sri Lanka's British-era prison transformed into commercial city: Prime Minister

Sri Lanka's main prison in the capital Colombo dating back to the British colonial era will be shifted releasing around ...

June 18, 2016 1 min read

Sri Lanka to sign formal deal for port city in August: Prime Minister

ECONOMYNEXT - Sri Lanka will sign a formal agreement with China Harbhour Engineering Company for a 1.4 billion sea recla...

June 17, 2016 1 min read